vancouver west TOWNHOME - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 5% VS 2023
▲ 36% VS 2023
▲ 11% VS 2023
There were 269 townhome listings in Vancouver West in October, 5% above September and 36% higher than October 2023. October townhome sales increased by 14% month-over-month, to 41, and were 11% above October 2023. The sales-to-listing ratio for townhomes in Vancouver West, at 15%, re(ected a balanced market. The townhome median price in October was $1,562,500, a 11% increase from September and 5% above October 2023. The average sold price was $1,597,134, 10% above last month; the average PSF sale price was $1,123, down 1.6% to last month.
THIS MONTH No. $1,123 $1,597,134 $1,562,500 15% 41 269
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,109 $1,468,127 $1,490,000 19% 37 198
1.3% 9% 5% -18% 11% 36%
$1,141 $1,449,078 $1,410,000 14% 36 256
-1.6% 10% 11% 8% 14% 5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
256
269
225
225
224
222
220
182
198
174
196
142
136
48
44
44
36
29
41
37
17
14
38
33
28
27
$1.63M $1.70M
$1.61M $1.51M
$1.58M
$1.56M
$1.49M
$1.50M $1.58M
$1.45M $1.42M
$1.45M $1.41M
VANCOUVER WEST
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
2
4+ bdrms
100
24
80
21
3 bdrms
60
48%
138
40
18
21%
2 bdrms
14% 15%
91
10%
20
5%
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
16
S-L RATIO SALES INVENTORY
13 0 n/a
14 3 21%
21 10 48%
40 4 10%
113 16 14%
47 7 15%
21 1 5%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of November 12, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 54 ●
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